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Strategic Cost Management
It is a management philosophy pioneered by John Shank, in that decisions concerning specific cost drivers are made within the context of a company business strategy, its position in a larger value chain encompassing and its internal value chain, the initiation of a project and the delivery of the final product to its customers.
Strategy & principles:- Passing the Test of Moral scrutiny 1. In choosing among strategic alternatives, companies' managers are well advice to embrace actions that are genui
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